DO’S AND DON’TS
WHILE YOUR LOAN IS IN PROGRESS

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During the processing of your loan there are certain “DO’S and DON’TS” which may affect the outcome of your loan request.  These remain in effect not only until your loan is approved but until the loan is actually funded and recorded.  Many times credit, income and assets are re-verified after you have signed your final loan documents.  We suggest you comply with this list.  If something on this list becomes a necessity, inform your loan officer immediately

 

MAKE SURE YOU DO NOT:

  1. Quit your job or get another job unless it is in the same line of work and for equal or more money, please call if this occurs.
  1. Allow anyone to make an inquiry on your credit report.
  1. Change bank accounts or transfer money within your existing bank accounts.
  1. Incur any Insufficient Funds in your bank account.
  1. Make any Large or Unsubstantiated deposits into your checking or savings accounts
  1. Co-sign for anyone.
  1. Purchase or lease a new car or take on any additional debt.
  1. Purchase any other real estate.
  1. Apply for credit anywhere or complete any other credit application.
  1. Charge any additional debt on any current credit.
  1. Start any home improvements that are not a condition of the loan.
  1. Do anything that will negatively impact your ability to qualify for your mortgage loan, or initiates a new round of paperwork.

MAKE SURE YOU DO:

  1. Keep all accounts current, mortgages, car payments, credit cards, etc.
  2. Please call us anytime a question may arise.
  3. Keep copies of all paycheck stubs and any statements on bills being paid off through this loan.
  4. Make payments on all accounts on or before due date, even if the account is being paid off with your new loan.

Neeta Kochhar
Neeta Kochhar
Real Estate Consultant
1806 N. Flamingo Rd No. 305 Pembroke Pines FL 33028